In their first appearance since the leadership shakeups at SAP AG, new co-CEOs Jim Hagemann Snabe and Bill McDermott defended the dual CEO structure and stressed no drastic change except for an accelerated continuation of what the company is already doing.
Despite the leadership switch at the Germany-based software company in February, the only “major change is one of speed” to act and to deliver offerings to market and value to customers, said Hagemann Snabe.
Both CEO’s primary responsibilities remain the same, and neither expects that the new management signifies a slew of dramatic changes at SAP, said Hagemann Snabe. “Don’t think that just because we are in this new role that suddenly by a magic stick the world has changed,” he said.
Last month, SAP announced the resignation of CEO Leo Apotheker followed a week later by that of executive board member John Schwarz. Also, chief technology officer Vishal Sikka was appointed to the executive board.
As for the co-CEO structure upon which SAP has historically relied, both Hagemann Snabe and McDermott stressed their complementary skills, high level of trust, and hands-on approach with employees and customers that will allow them to do more and respond faster than they would with a single CEO model.